Tennessee Apartment Buildings for Sale

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151 properties

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Updated: Jun 15

Mixed-Use Residential and Retail Building

1242 Ladd Springs Road SE, Cleveland, TN 37323

$750,000

8,814 sqft 1.10 AC lot

Mixed‑use property with 8 one‑bedroom apartments and a central retail space
Eight apartments are fully occupied (fully leased) with consistent occupancy
Updated interiors: luxury vinyl plank flooring and renovated bathrooms in each apartment
Four apartment units on each side of the retail space on one level
Block construction; open floorplan; vinyl flooring

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1242 Ladd Springs Road SE, Cleveland, TN 37323

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Est. Cap Rate

8.7%
Above avg (5.9%)
Est. NOI

$66K
Annual
Mortgage

$220K
Nov 2018
Last Sold

Nov 2018
$220K
Property Type

Retail Stores
Built 1976

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Updated: Jun 15

Multifamily Income Property with Six Units

630 Elizabethton Highway, Bluff City, TN 37618

$699,995

6,174 sqft 1.28 AC lot

Six fully occupied units on a 1.28‑acre lot, each with 2 bedrooms and 1.5 baths
Separately metered units
Metal roof installed in 2012; vinyl siding installed in 2012
Utilities include public water and septic tank sewer
Heating and cooling provided by a heat pump

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Fully Renovated 8-Unit Apartment Building

183 Campbell Street, Jackson, TN 38301

$1,250,000

5,724 sqft 0.34 AC lot

Move-in-ready, fully renovated units with split HVAC systems in a two-story brick multifamily building.

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Historic Bank Building Adaptive Reuse

255 Broad St, Kingsport, TN 37660

$2,499,000

26,100 sqft

Three-story historic landmark with cellar, rooftop deck, and intact bank vault in Kingsport’s B-2 Central Business District.

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Historic Riverfront Apartment Building

2000 Netherland Inn Road, Kingsport, TN 37660

$1,149,000

10,034 sqft 0.60 AC lot

Income-focused multifamily asset with updated units and riverfront views near downtown Kingsport amenities.

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11-Unit Furnished Rental Portfolio

124 Roaring Fork Rd, Gatlinburg, TN 37738

$2,685,000

3,934 sqft 1.12 AC lot

Portfolio of 11 furnished units on 1.12 acres with AT&T fiber and smart TVs; no HOA.

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Well-Maintained Apartment Complex

820 Gibson Rd, Trenton, TN 38382

$645,000

12,948 sqft 2.14 AC lot

A 16-unit mix of 1- and 2-bedroom apartments with accessible units, office space, and communal laundry in a quiet setting.

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Knoxville Multifamily Investment Opportunity

1903 Piney Grove Church Road, Knoxville, TN 37909

$675,000

5,200 sqft

Eight-unit apartment community with Housing Assistance Payments contract.

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Two-Property Multifamily Investment

1412-1418 Armstrong Ave, Knoxville, TN 37917

$1,699,950

8,514 sqft

Two multifamily buildings with 12 total units on one deeded lot, including furnished units and an on-site laundry facility.

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Five-Unit Multifamily Investment Opportunity

600 Radford Place, Knoxville, TN 37917

$504,000

3,618 sqft 0.29 AC lot

Five-unit rental property near Downtown and University of Tennessee.

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Morristown Multifamily Investment Opportunity

825 Donna Street, Morristown, TN 37814

$725,000

4,983 sqft

Nine-unit apartment building with Housing Assistance Payments contract in place.

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Two-Building Multifamily Investment

4006 Memorial Boulevard, Kingsport, TN 37664

$425,000

4,045 sqft 1.28 AC lot

Seven-unit, two-building property with metal roofs and on-site storage, offered with both listed parcels in Kingsport.

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Six-Unit Townhome Apartment Community

3729 Plaza Way, Pigeon Forge, TN 37863

$1,800,000

7,648 sqft 5.72 AC lot

Six renovated two-bedroom townhomes with private balconies, in-unit washer/dryer, and fireplace; HOA amenities include clubhouse and indoor pool.

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Apartment Conversion Opportunity

6020 Shelby Oaks Drive, Memphis, TN 38134

$2,000,000

41,280 sqft

Vacant hospitality property with an apartment redevelopment concept, including a newly installed roof and existing elevator infrastructure.

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Mixed-Use Building with Retail Suites

105 Brookfield Drive, Kingsport, TN 37663

$429,900

4,347 sqft 0.35 AC lot

Fully leased mixed-use property with three residential units and three commercial suites, zoned B-3.

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Six-Unit Multifamily Building

406 High Street, Chattanooga, TN 37403

$1,580,000

4,300 sqft 0.05 AC lot

Six-unit building with in-unit washers and dryers, positioned for both short-term and long-term rental use.

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Maryville Multifamily Investment Opportunity

401 McGhee Street, Maryville, TN 37801

$675,000

3,026 sqft

Eight-unit apartment building with HAP contract in place.

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Multi-Family Property with Main House

605 S Lake Drive, Oneida, TN 37841

$550,000

7,576 sqft 3.67 AC lot

Multi-unit setup on 3.67 acres with efficiency, one-bedroom apartments, and a 3-bedroom main house.

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Multifamily Investment Opportunity in Morristown

106 King Ave, Morristown, TN 37814

$785,000

4,500 sqft

Five-unit multifamily property with recent capital improvements and diverse unit mix.

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Five-Unit Apartment Complex

1645 E Main Street, Rogersville, TN 37857

$375,000

1,500 sqft 0.30 AC lot

Well-maintained five-unit complex with washer and dryer hookups and an additional on-site storage unit.

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Historic Mixed-Use Investment Opportunity

105 Center Ave, Dickson, TN 37055

$882,900

7,747 sqft

Downtown Dickson property with commercial and residential income potential.

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Kingsport Multifamily Investment Opportunity

4006 Memorial Boulevard, Kingsport, TN 37664

$425,000

4,045 sqft 1.28 AC lot

Seven-unit property with development potential and immediate rental income.

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Shovel-Ready Corner Development Land

2700 Tucker Rd, Nashville, TN 37218

$950,000

3,000 sqft 1.00 AC lot

Corner commercial development site with approved plans for a 12-unit STR-eligible townhome project and utilities at the street.

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92-Unit Apartment Community

3700/04/22 Stephens Road NE, Cleveland, TN 37312

$7,499,000

61,954 sqft 5.36 AC lot

Well-maintained 92-unit apartment community with recent exterior and interior upgrades and on-site pay-per-use laundry.

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Tennessee Apartment Buildings Market Trends and Statistics

Explore 151 apartment buildings for sale in Tennessee, showcased through 151 active listings on our real estate platform. These investment opportunities span a total of 1,265,918 square feet of properties for sale, with an estimated market value of $185,010,393.

Sale prices for two-family homes in Tennessee start at $195,000, averaging $1,831,786, and reaching up to $16,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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